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Information related to Mingenback company for 2015 is summarized below. (a) What amount of bad debt expenses will Mingenback company report if it uses the

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Information related to Mingenback company for 2015 is summarized below. (a) What amount of bad debt expenses will Mingenback company report if it uses the direct write-off method of accounting for bad debts? Assume that Mingenback company estimated its bad debt expenses to be 3% of credit sales. What amont of bad debt expense will Mingenback record if it has an Allowance for Doubtful credit balance of $4, 200? $ (c) Assume that Mingenback company estimated its bad debit expense based on 5% of accounts receivable. What amount of bad debt expense will Hengenback record if it has an Allowance for Doubtful Accounts credit balanec of $3, 100

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